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OPERATING LEASES
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
OPERATING LEASES OPERATING LEASES
The lease cost for operating leases were as follows:
Three Months Ended
September 30, 		Nine Months Ended
September 30,
In millions2023202220232022
Operating lease costs$30 $27 $88 $82 

Operating cash flows from operating leases were $85 million and $82 million for the nine months ended September 30, 2023 and 2022, respectively.

New operating lease assets and liabilities entered into during the nine months ended September 30, 2023 and 2022, were $143 million and $75 million, respectively. For the nine months ended September 30, 2023, this included newly acquired Spectrum leases. Supplemental balance sheet information related to leases was as follows:
In millionsSeptember 30, 2023December 31, 2022
Operating Leases
 
Operating lease right-of-use assets 1
$487 $426 
Current operating lease liabilities 2
91 90 
Noncurrent operating lease liabilities 3
394 333 
Total operating lease liabilities
$485 $423 
1.Included in "Deferred charges and other assets" in the Condensed Consolidated Balance Sheets.
2.Included in "Accrued and other current liabilities" in the Condensed Consolidated Balance Sheets.
3.Included in "Other noncurrent obligations" in the Condensed Consolidated Balance Sheets.

Operating lease right-of-use ("ROU") assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide the lessor’s implicit rate, the Company uses its incremental borrowing rate at the commencement date in determining the present value of lease payments.
Lease Term and Discount Rate for Operating LeasesSeptember 30, 2023December 31, 2022
Weighted-average remaining lease term (years)8.68.1
Weighted average discount rate3.46 %2.76 %

Maturities of lease liabilities were as follows:
Maturity of Lease Liabilities at September 30, 2023Operating Leases
In millions
Remainder of 2023$28 
2024103 
202581 
202662 
202751 
2028 and thereafter244 
Total lease payments$569 
Less: Interest84 
Present value of lease liabilities$485 

The Company has leases in which it is the lessor. In connection with the N&B Transaction and the M&M Divestiture, DuPont entered into leasing agreements with IFF and Celanese, whereby DuPont is leasing certain properties, including office spaces and R&D laboratories. These leases are classified as operating leases and lessor income and related expenses are not significant to the Company's Condensed Consolidated Balance Sheets or interim Consolidated Statement of Operations. Lease agreements where the Company is the lessor have final expirations through 2036.